RS Software, a leading software solutions provider in the Payment Systems domain, has announced its results for the quarter ended December 31, 2006. For the nine months ended Dec'06, RS Software's net profit was Rs.67.80 million and the net profit after tax for the quarter ended Dec'06 was Rs. 23.70 million. Therefore, net profit has grown by 92% over corresponding nine months of the last fiscal and net profit over corresponding quarter ended Dec 31 ,2005 was up by 71%. Earning per share (diluted) has grown to Rs. 4.35, a 55% increase over Rs. 2.81 compared to the corresponding quarter of the last fiscal.
The top four clients contributed 91% of the revenue during the quarter RS Software with its focus on domain and cutting edge technology continues to attract the best talent in the industry . During the quarter the company added 31 new employees. The company continues to strengthen its core product development and delivery capabilities.
Mr. Raj Jain, Vice-Chairman and Managing Director, RS Software ( India ) Ltd. said, “We continue to grow at a strong pace, in terms of our core product offerings, the quantum and quality of our key resources. In the coming months, we will continue to focus on operational excellence to improve our Operating Margins.”
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